RNS No 9096d
NICHIMEN EUROPE PLC
23rd March 1998


RE:     NICHIMEN EUROPE PLC
        JPY500,000,000
        SERIES NO:60
        DUE 25 MARCH 2002
        COMMON CODE: 7494882

---------------------------------------------------------
WE WISH TO FORMALLY ADVISE YOU THAT THE RATE OF INTEREST
FOR THE PERIOD  25 MARCH 1998 TO 25 SEPTEMBER 1998 HAS
BEEN FIXED AT 0.99922 PCT (ZERO SPOT NINE NINE NINE TWO
TWO PER CENT).

THE INTEREST PAYABLE ON THE RELEVANT INTEREST PAYMENT
DATE 25 SEPTEMBER 1998 AGAINST COUPON NO 3, WILL BE
JPY510,712 (FIVE HUNDRED AND TEN THOUSAND, SEVEN
HUNDRED AND TWELVE YEN) PER 100,000,000 DENOMINATION.

THE RATE HAS BEEN CALCULATED BY TAKING THE 6 MONTH YEN LIBOR,
0.69922, AND A MARGIN OF 0.30 PER CENT.

THIS AMOUNT HAS BEEN COMPUTED ON THE ACTUAL NUMBER OF DAYS
ELAPSED (184) DIVIDED BY 360.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 71 500 0150,0146.

ISSUER SERVICES
CITIBANK N.A. LONDON

END

RC JJMLBLLTTBFP


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